Sigma Electric

Pune, India Founded: 1996 • Age: 30 yrs Acquired By Argand Partners
Precision metal components and castings are manufactured for diverse industries.

About Sigma Electric

Sigma Electric is an Industrial Goods & Manufacturing company based in Pune (India) founded in 1996, and was acquired by Argand Partners in October 2016. Precision metal components and castings are manufactured for diverse industries. Sigma Electric has completed 2 acquisitions, including Avalon Precision Metalsmiths and Tooling Dynamics. Its Indian entity Sigma Electric Manufacturing Corporation Private Limited reported revenue of β‚Ή1,585 Cr. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.

Company details

Manufacturer of precision metal components and castings for diverse industries. It designs, builds, sources, and delivers custom-made products and solutions. The company offers a vertically integrated approach, encompassing casting (high-pressure die casting, sand casting, gravity die casting, investment casting), precision metal stamping, and Swiss screw machining. Additional services include custom tooling, machining, surface finishing, and special purpose machine design and development. These capabilities support various sectors, including automotive, aerospace, electronics, and medical. The firm provides comprehensive supply chain management, aiming for rapid turnaround times.

Key Metrics

Investors in Sigma Electric

Sigma Electric has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs and Argand Partners.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Investment banking services are delivered across multiple financial sectors.
1869goldmansachs.comNew York, United States
Argand Partners is engaged in building global growth platforms.
argandequity.comNew York, United States
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Board of directors of Sigma Electric Manufacturing Corporation Private Limited (Sigma Electric)

Sigma Electric Manufacturing Corporation Private Limited is the primary company behind Sigma Electric. The board of Sigma Electric Manufacturing Corporation Private Limited currently have 10 directors; the longest-serving is Viren Ajit Joshi, appointed in 2012. 14 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Viren Ajit Joshi
DIN 01331107
Director18 Jun 201214 yrs 4 moSigma Electric Manufacturing Corporation Private Limited
Kirankumar Yashvantray Acharya
DIN 02738580
Director18 Jun 201511 yrs 4 moSigma Electric Manufacturing Corporation Private Limited
Samir Purushottam Inamdar
DIN 00481968
Additional Director01 Feb 20179 yrs 9 moSigma Electric Manufacturing Corporation Private Limited
Joseph Gerard Del Toro
DIN 07590354
Additional Director01 Feb 20179 yrs 9 moSigma Electric Manufacturing Corporation Private Limited
Heather Lynne Faust
DIN 07772569
Additional Director29 Mar 20179 yrs 7 moSigma Electric Manufacturing Corporation Private Limited
Tariq Abdalla Mohamed Osman
DIN 07750283
Additional Director29 Mar 20179 yrs 7 moSigma Electric Manufacturing Corporation Private Limited
Thomas Kerr Armstrong Jr
DIN 07779239
Additional Director29 Mar 20179 yrs 7 moSigma Electric Manufacturing Corporation Private Limited
William Thompson Tolley
DIN 07778057
Additional Director29 Mar 20179 yrs 7 moSigma Electric Manufacturing Corporation Private Limited
Joyce Demonteverde Schnoedl
DIN 07764149
Additional Director29 Mar 20179 yrs 7 moSigma Electric Manufacturing Corporation Private Limited
Niteen Ganesh Inamdar
DIN 03058146
Additional Director05 May 20179 yrs 6 moSigma Electric Manufacturing Corporation Private Limited

Financials of Sigma Electric

Figures of Sigma Electric Manufacturing Corporation Private Limited, the primary company behind Sigma Electric, for FY 2023. Revenue was ₹1,585 Cr (+7% year on year). Net profit was ₹75.58 Cr. EBITDA was ₹170 Cr (11% margin). Revenue has grown at a compounded annual rate of +12% over three years and +12% over five years.

  • ₹1,585 CrRevenue · FY 2023 · +7% YoY
  • ₹75.58 CrNet profit
  • ₹170 CrEBITDA · 11% margin
  • ₹1.84 CrPaid-up capital
  • 932Employees (provident fund records)
  • +12%Revenue CAGR, 3 years
  • +12%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Sigma Electric Manufacturing Corporation Private Limited are on its company page.

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Detailed financial statements for Sigma Electric

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Investments & Acquisitions by Sigma Electric

Sigma Electric has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Avalon Precision Metalsmiths and Tooling Dynamics.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Metal stamping products are manufactured in York, United States.
toolingdynamics.comYork, United States1982Dec 2019β€’β€’β€’β€’
Precision metal parts are manufactured and supplied to various industries.
avalon-castings.comCleveland, United States1986Aug 2019β€’β€’β€’β€’
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Timeline of Sigma Electric

5 dated milestones of Sigma Electric across 23 years, from founding to its latest funding, stage changes and deals.

  1. Founded Sigma Electric is founded.
  2. Exit Acquired by Goldman Sachs.
  3. Exit Acquired by Argand Partners.
  4. Acquisition Acquires Avalon Precision Metalsmiths.
  5. Acquisition Acquires Tooling Dynamics.

Web traffic of Sigma Electric

Websites that share an audience with Sigma Electric (sigmaelectric.com).

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Websites whose visitors overlap most with Sigma Electric. Affinity shows how closely the audiences match.

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Top companies in Contract & Outsourced Manufacturing

3 companies that operate in the same segment as Sigma Electric (Contract & Outsourced Manufacturing) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Industrial components, mould bases, and storage solutions are manufactured globally.
1986Coimbatore, Tamil Nadu, IndiaUSD 28 MUSD 853.09 M43
Single- and three-phase transformers are manufactured in Mumbai.
1993Mumbai, Maharashtra, IndiaUSD 114.37 M618
Apparel and clothing are manufactured and exported on contract.
1979Bengaluru, Karnataka, IndiaUSD 400 M40,280
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Related news about Sigma Electric

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Frequently Asked Questions about Sigma Electric

Sigma Electric was founded in 1996.

Sigma Electric is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.

The primary company behind Sigma Electric, Sigma Electric Manufacturing Corporation Private Limited, reported revenue of β‚Ή1,585 Cr for FY 2023, up 7% year on year.

Manufacturer of precision metal components and castings for diverse industries. It designs, builds, sources, and delivers custom-made products and solutions. The company offers a vertically integrated approach, encompassing casting (high-pressure die casting, sand casting, gravity die casting, investment casting), precision metal stamping, and Swiss screw machining. Additional services include custom tooling, machining, surface finishing, and special purpose machine design and development. These capabilities support various sectors, including automotive, aerospace, electronics, and medical. The firm provides comprehensive supply chain management, aiming for rapid turnaround times.

Sigma Electric has made 2 acquisitions, including Avalon Precision Metalsmiths, and Tooling Dynamics.

Sigma Electric has 2 investors. Key investors include Goldman Sachs, and Argand Partners.

Sigma Electric operates through Sigma Electric Manufacturing Corporation Private Limited.

Yes. Sigma Electric was acquired by Argand Partners in October 2016.

The legal entities of Sigma Electric currently have 10 directors, including Samir Purushottam Inamdar, Kirankumar Yashvantray Acharya, Viren Ajit Joshi and others.

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